Why brokers need their own ben admin platform

Published 3 Min Read

  • Cost: Defined contribution addresses this by carving out $10-$20 from medical or dental and makes it available on a menu of ancillary products. An online benefit system makes this easy, he said.
  • Participation requirements: If 25% of plan participants do not enroll, the coverage does not take effect for anyone. In a benefits administration platform, a carrier waives this requirement.
Brian M. Kalish
Online Managing Editor, Health Care Group

Kalish is a fomer managing editor of SourceMedia’s Employee Benefits Group.


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